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Reporting on EDC transactions
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EDC recognizes that the disclosure of relevant information is a critical element in demonstrating accountability and public awareness of and confidence in the execution of its mandate. An effective disclosure policy hinges on the need to balance the desire for more information with the need to protect the commercial interests of customers. To increase the transparency of its business activities, when the issue of accountability is relevant and in the absence of no compelling reason for confidentiality, EDC will disclose the following information:
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D1. Aggregate Quarterly Reporting
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EDC reports
aggregations of business volume for all of its insurance and financing activities by: Cdn. industry sector; country or region in which business was concluded; Canadian region of exporter; and type of EDC product. This information is updated quarterly, no later than 60 days from each quarter's end.
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D2. Individual Transaction Reporting
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EDC reports individual transaction information on all financing (including guarantees), political risk insurance to
lenders, and equity transactions. Transaction information is posted as
soon as possible (normally within 90 days) after signing
of the EDC transaction.The information here also includes
transactions related to Category A projects and provides the environmental standards used to review those projects as
well as the information reviewed. For a list of signed Category A projects only, click here.
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D3. Environmental & Social Reporting
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Where EDC is considering providing support, in the form of financing, political risk insurance to lenders or equity, to
the sponsor of a project classified as a Category A under its Environmental Review Directive, EDC will seek consent to
inform the public via its web site that it is considering support to such project. This section includes a link to Category A Projects that were approved for EDC support.
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Canada Account
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Canada Account is used to support export transactions which EDC is unable to support, but which are determined by the Minister for International Trade to be in Canada's national interest. This is usually due to a combination of risks, which can include the size of the transaction, market risks, EDC's country capacity, borrower risks, and/or the financing conditions.
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EDC Financing Exposure in Heavily Indebted Poor Countries (HIPC)
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EDC reports the amounts owed by the Heavily Indebted Poor Countries (HIPCs) to which EDC/Canada has made loans, some or all of which may be forgiven in the future if these countries implement measures required to qualify for debt reduction
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